Category: Binance

  • Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B

    Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B

    Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged positions were liquidated in the last 24 hours.…

  • Tron’s Steemit Acquisition Exposes Delegated-Proof-of-Stake Centralization

    Tron’s Steemit Acquisition Exposes Delegated-Proof-of-Stake Centralization

    The Steemit community is mired in controversy over the recent Tron takeover that managed to change the Steem blockchain’s governance. Steem witnesses attempted to soft fork the blockchain on February 24 to remove the powerful voting power Tron and Steemit hold. However, the soft fork wasn’t able to prevent the Tron takeover and Steemit community…

  • Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration

    Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration

    The competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey. Also Read: Blockchain.com Launches Full…

  • Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List

    Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List

    On Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through cryptocurrency investments. Also read: Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted…

  • Bitcoin in INR: Binance, Wazirx, Cashaa, Zebpay Announce New Offers for India

    Bitcoin in INR: Binance, Wazirx, Cashaa, Zebpay Announce New Offers for India

    Several cryptocurrency exchanges in India have recently stepped up their offerings as they wait for the supreme court’s decision on the RBI ban. Binance and Wazirx have made some improvements to their platforms, Cashaa is waving some fees, and Zebpay has announced zero fees on a trading pair when it re-launches in India. Also read:…

  • Bitcoin Halving Not Priced In Yet, Says Binance CEO Changpeng Zhao

    The crypto markets are currently abuzz with speculation regarding the upcoming Bitcoin halving. Although most analysts believe that it will lead to a massive increase in the price of Bitcoin, nobody knows for sure. Now, however, one of the leading crypto profiles is saying that the Bitcoin halving has not yet begun to affect the…

  • Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles

    Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles

    A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike small online exchangers and peer-to-peer platforms. Also read: Russia’s New Prime Minister Has an…

  • Ethereum’s Value Transfer Is Now Dominated by Stablecoins

    Ethereum’s Value Transfer Is Now Dominated by Stablecoins

    The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also…

  • Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

    Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

    The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US,…

  • Everybody’s Staking But Who’s Using Proof of Stake Blockchains?

    Everybody’s Staking But Who’s Using Proof of Stake Blockchains?

    The primary use case for staking blockchains is staking. That is their raison d’être, and thousands of cryptocurrency holders have utilized this provision to increase their holdings by earning staking rewards. As the total amount of staked tokens trends towards 80% for some blockchains, however, it raises questions as to what other utility these chains…